Global Gel Stent Market: Overview
As per the data present by World Health Organization, there are higher chances of Asian to suffer from glaucoma. People in Africa and Europe are more likely to open angle glaucoma. By concluding the data derived from these sources, there are higher chances of people having glaucoma which will drive the demand in the gel stent market.
The report on the global gel stent market provides all the major trends prevailing in the market. Information provided in the report supports stakeholders to take well-informed decisions. Researchers have also provided opportunities that would help the market to grow at a significant rate during the forecast period. Information is also presented in well systematic manner and is backed by facts and figures.
Global Gel Stent Market: Trends and Opportunities
According to the data provided by U.S. Glaucoma Research Society, there are about 120,000 people are blind due to glaucoma. The chances of people suffering from glaucoma are higher after 40. Glaucoma is also a major cause for blindness. Moreover, increasing number of geriatric population in the developed economies have higher chances to suffer from miosis. In miosis, excessive contraction of eye increases which considerably high in elderly people. Adding further to the trends seen in the global gel stent market is the increasing demand for minimally invasive procedures. This factor has considerably boosted the demand in this market.
On the other hand, lack of availability of healthcare professionals and expensive gel stent might deter the demand in this market. In addition, limited knowledge related to the technique involved in gel stent is also expected to hinder the market’s growth.
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Global Gel Stent Market: Regional Outlook
North America is leading the global gel stent market and is expected to hold dominant share over the forecast period. Increasing awareness among people related to latest treatment and technologies and its adoption has the demand in this market. Europe is closely following the North America’s growth rate. Significant growth in the healthcare sector by introducing use of advanced technologies and rising cases related to glaucoma further befitted the growth in the global gel stent market.
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Other regions including Latin America, Asia Pacific, and the Middle East and Africa are also analyzed in the report. Among which Asia Pacific is also expected to contribute in the growth of the gel stent market over the projected period. Development taking place in different areas in developing economies has played a crucial role in expanding this market. Higher prevalence of glaucoma and high investments done by key players and government to include advanced technology and provide better healthcare to people. This factor is also providing a fillip in this market.
Global Gel Stent Market: Competitive Landscape
The report offers a detailed evaluation of the various elements of the overall competitive landscape. Key players have been critically analyzed and their information is also provided along with the strategies used by them. According to the report some of the prominent players operating in the global gel stent market include AqueSys, Clinical Phase Gel Stent, Preclinical Gel Stent, and ALLERGAN.
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Among the leading players, ALLERGAN received FDA clearance in 2016 for XEN gel stent for treating refractory glaucoma. XEN is available for millions of people in US. Other companies are also making deliberate efforts in research and development activities to develop advanced devices to meet the growth need in the healthcare sector. Moreover, use of advanced strategies will help them in gaining larger share in the market and give them higher edge against their competitors.
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